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Affirm to Include Pay-Over-Time Products in Experian Credit Reporting
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Affirm to Include Pay-Over-Time Products in Experian Credit Reporting
Mar 19, 2025 11:51 AM

02:29 PM EDT, 03/19/2025 (MT Newswires) -- Affirm (AFRM) said Wednesday it is including information about its pay-over-time loan products in its credit reporting to Experian starting April 1.

Consumers will be able to view their Experian credit file information on all Affirm loans issued April 1 and onwards, the company said. Lenders will also be able to see consumers' pay-over-time history.

The move is designed to help customers build their credit histories and enable lenders to make more informed decisions on extending credit to clients.

Affirm said that the new loan reporting may be considered in consumers' traditional credit scores in the future as credit scoring models are updated over time.

Shares were up more than 6% in recent trading.

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